Hot Pursuit     13-Jun-07
Simplex Infrastructures hits the roof on large overseas orders
Simplex Infrastructures scaled up 10% to Rs 367.15 after securing two overseas orders worth Rs 1007 crore.

The announcement was made by the company during trading hours today, 13 June 2007.

On BSE, 63,263 shares were traded in the scrip.

From a recent low of Rs 285.20 on 7 March 2007, the Simplex Infrastructure scrip had surged 34% to Rs 382.40 on 12 April 2007. Thereafter, it fell to Rs 319.60 on 25 May 2007, before bouncing back to Rs 339.80 by 30 May 2007. The stock had settled at Rs 333.80 on 12 June 2007.

The company had announced on 31 May 2007 that it bagged various orders aggregating Rs 1055.10 crore.

Simplex Infrastructures' net profit jumped 57.2% to Rs 17.29 crore in Q3 December 2006 (Rs 11 crore). Net sales moved up 13.6% to Rs 425.67 crore Q3 December 2006 from Rs 374.70 crore in Q3 December 2005.

Simplex Infrastructures provides infrastructure solutions in power, industrial construction, urban infrastructure, marine, highrise building, roads and bridges segments. The company provides comprehensive services across ground engineering.

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